Family Bank Posts Sh1.6bn Q1 Profit on Strong Lending Growth
NAIROBI, Kenya, May 26 – Family Bank posted a 52.6 percent rise in first-quarter net profit to Sh1.6 billion, supported by strong growth in interest Kenya breaking news | Kenya news today |..
✨ Key Highlights
Family Bank has reported a significant increase in its first-quarter net profit, reaching Sh1.6 billion, a 52.6 percent rise compared to the previous year.
- Net profit surged to Sh1.6 billion from Sh1.0 billion in the first quarter ended March 2026.
- The bank, led by Chief Executive Officer Nancy Njau, saw its loan book expand by 12.6 percent to Sh108.3 billion.
- This strong performance precedes Family Bank's planned listing on the Nairobi Securities Exchange, following a successful private placement.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Family Bank Posts Sh1.6bn Q1 Profit on Strong Lending Growth - May 2026
Family Bank reported a 52.6 percent increase in first-quarter net profit, reaching Sh1.6 billion compared to the previous year, driven by strong lending growth. I&M Group also posted strong results with a 19% profit growth to KES 5.0 billion in Q1 2026, demonstrating continued momentum in Kenya's banking sector. Meanwhile, HF Group Plc has rebranded to HFCB, consolidating its parent company and subsidiaries into a single identity to streamline operations and market presence. These developments reflect a broader trend of Kenyan financial institutions expanding their footprint and improving profitability.
